Home/NEWS/

Glassnode: Bitcoin ETF pushes CME Group's BTC futures open interest and trading volume to record highs

Glassnode: Bitcoin ETF pushes CME Group's BTC futures open interest and trading volume to record highs

2021/11/1

According to the latest data analysis of Glassnode, with the launch of the Bitcoin ETF, CME Group BTC futures open interest and trading volume both reached new highs. Because the BITO ETF uses CME Group futures contracts as the target, it stimulated the open interest in 10. The month rose explosively, increasing by 3.95 billion U.S. dollars (265%), creating a record high for open positions on CME exchange futures, 5.44 billion U.S. dollars. In addition, transaction volume also reached a new high of $7.66 billion on October 20, the same day that Bitcoin reached a record high. Compared to the previous peak in February 2021, traders' trading volume on CME futures increased by $490 million. However, the proportion of futures margins collateralized by highly volatile cryptocurrency assets continues to decline, and futures contracts collateralized by cryptocurrencies have fallen from 70.1% in April (at the time of Coinbase's listing) to 44.6% today.

NOTICE
This is an original piece. Reproduction in whole or part without written permission is prohibited.
0
About products purchase, please contact our sales manager:
[email protected]

About miner repair and after-sale issues, please contact the repair manager email:
[email protected]

For business cooperation, please contact:
[email protected]

COMPLAINTS & SUGGESTIONS
If you have any dissatisfaction during the transaction or have valuable suggestions for us, please contact us via this email address:
[email protected]
Attention!

Recently, many companies claiming to be mining companies imitate us and say that they are related to us, or that they are our branch companies, which has caused customers to be deceived. Please be careful not to believe any impostors, please check our correct contact information and beware of being deceived getting scammed, and losing money.
please check our right contact way: Here

CLOSE